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ZEAL Network SE is a holding company specializing in the area of online lottery. The company offers consumer-facing lottery-based games as well as business-to-business solutions. The operating business segments are Germany and Other. The German operating segment of the company are online brokerage of lotteries, the running of charity lotteries, and the operation of games, and the other segment comprises the online lottery operation for the charitable org ONCE in Spain and investment in early-stage start-ups under Zeal ventures.
1999
219
LTM Revenue $206M
LTM EBITDA $65.6M
$881M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
ZEAL Network has a last 12-month revenue of $206M and a last 12-month EBITDA of $65.6M.
In the most recent fiscal year, ZEAL Network achieved revenue of $125M and an EBITDA of $35.6M.
ZEAL Network expects next 12-month revenue of XXX and NTM EBITDA of XXX
See ZEAL Network valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $113M | $125M | XXX | XXX | XXX |
| Gross Profit | $79.5M | $102M | XXX | XXX | XXX |
| Gross Margin | 70% | 81% | XXX | XXX | XXX |
| EBITDA | $34.3M | $35.6M | XXX | XXX | XXX |
| EBITDA Margin | 30% | 29% | XXX | XXX | XXX |
| Net Profit | $11.6M | $17.1M | XXX | XXX | XXX |
| Net Margin | 10% | 14% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, ZEAL Network's stock price is EUR 41 (or $44).
ZEAL Network has current market cap of EUR 880M (or $946M), and EV of EUR 821M (or $881M).
See ZEAL Network trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $881M | $946M | XXX | XXX | XXX | XXX | $2.51 |
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Sign UpAs of April 15, 2025, ZEAL Network has market cap of $946M and EV of $881M.
ZEAL Network's trades at 4.3x LTM EV/Revenue multiple, and 13.4x LTM EBITDA.
Analysts estimate ZEAL Network's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for ZEAL Network and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $881M | XXX | XXX | XXX |
| EV/Revenue | 7.1x | XXX | XXX | XXX |
| EV/EBITDA | 24.8x | XXX | XXX | XXX |
| P/E | 68.5x | XXX | XXX | XXX |
| P/E/Growth | 0.9x | XXX | XXX | XXX |
| EV/FCF | 32.6x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpZEAL Network's NTM/LTM revenue growth is 7%
ZEAL Network's revenue per employee for the last fiscal year averaged $0.6M, while opex per employee averaged $0.4M for the same period.
Over next 12 months, ZEAL Network's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate ZEAL Network's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for ZEAL Network and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 36% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.6M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.4M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 31% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 70% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| High Roller Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Ainsworth Game Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Aristocrat Leisure | XXX | XXX | XXX | XXX | XXX | XXX |
| BlueBet Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| BetMakers | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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ZEAL Network acquired XXX companies to date.
Last acquisition by ZEAL Network was XXXXXXXX, XXXXX XXXXX XXXXXX . ZEAL Network acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was ZEAL Network founded? | ZEAL Network was founded in 1999. |
| Where is ZEAL Network headquartered? | ZEAL Network is headquartered in Germany. |
| How many employees does ZEAL Network have? | As of today, ZEAL Network has 219 employees. |
| Is ZEAL Network publicy listed? | Yes, ZEAL Network is a public company listed on FRA. |
| What is the stock symbol of ZEAL Network? | ZEAL Network trades under TIMA ticker. |
| When did ZEAL Network go public? | ZEAL Network went public in 2005. |
| Who are competitors of ZEAL Network? | Similar companies to ZEAL Network include e.g. High Roller Technologies, Ainsworth Game Technology, Aristocrat Leisure, BlueBet Holdings. |
| What is the current market cap of ZEAL Network? | ZEAL Network's current market cap is $946M |
| What is the current revenue of ZEAL Network? | ZEAL Network's last 12-month revenue is $206M. |
| What is the current EBITDA of ZEAL Network? | ZEAL Network's last 12-month EBITDA is $65.6M. |
| What is the current EV/Revenue multiple of ZEAL Network? | Current revenue multiple of ZEAL Network is 4.3x. |
| What is the current EV/EBITDA multiple of ZEAL Network? | Current EBITDA multiple of ZEAL Network is 13.4x. |
| What is the current revenue growth of ZEAL Network? | ZEAL Network revenue growth between 2023 and 2024 was 10%. |
| Is ZEAL Network profitable? | Yes, ZEAL Network is EBITDA-positive (as of the last 12 months). |
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